Tuesday, December 23, 2008

That's not fair...or equal...

Good news!!

The Indiana General Assembly's efforts to make property taxes fair and equal are about to pay off. Even if they don't agree to allow Hoosiers to vote on making the property tax caps part of the Indiana Constitution, we can still sign up, by December 31st, for an exemption to insure that our property taxes don't increase by more than 2% over the previous year's taxes.

Well, not everybody can sign up for the exemption. The gross assessed value of your homestead can't exceed $160,000.00. Other than that, you're good to go.

Unless you're under 65 years old. If you're 25, and trying to raise a family, you don't qualify. As a matter of fact, if you're any age under 65 you don't qualify. Other than that, you're good to go.

Unless you make more than $30,000. Then you don't qualify for the exemption. Other than that, you're good to go.

So really, the only people that don't qualify are the ones who are under 65, or whose home is assessed at over $160,000.00, or who make over $30,000.

I always wondered how to make property taxes fair and equal.

This must be it.

Not.

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home